Sir,
While filing ITR - 1, i have verified AIS and find out one Insurance amount Received Rs.70k and TDS deducted 5% u/s 194DA.
I have a doubt, is it 70k taxable income or exempted income.
Kindly suggest.
Regards,
Vinod
gvinod (Asst manager accounts) (12 Points)
26 July 2023Sir,
While filing ITR - 1, i have verified AIS and find out one Insurance amount Received Rs.70k and TDS deducted 5% u/s 194DA.
I have a doubt, is it 70k taxable income or exempted income.
Kindly suggest.
Regards,
Vinod
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167415 Points)
Replied 26 July 2023
It is taxable under head IFOS.
Live class on PF & ESI Enrollment & Returns Filing(with recording)